“The mortgage delinquency rate fell to its lowest level for any first quarter since MBA’s survey began in 1979 and was the second lowest quarterly rate overall, just 11 basis points above the survey low in the third quarter of 2022,” said Marina Walsh, CMB, MBA’s VP of Industry Analysis.
Read More »Legal League Assembles With Servicers for Spring Summit
The two-day summit featured a servicer certification class, followed by a day of panels from experts and highly placed people on a variety of bankruptcy- and default-related topics related to bankruptcy and other areas related to attorneys.
Read More »Sagent Opens Operations in India
Mortgage servicing fintech provider adds 120-plus members to its workforce by launching its non-U.S. headquarters in Chennai, India, following agreement with Mr. Cooper.
Read More »Building Servicer Relationships on a Foundation of Trust
JT Grubbs, EVP of Loan Servicing at Selene, sat down with MortgagePoint to share how the company puts their customer first and how to gain customers for the life of the loan.
Read More »Cenlar Names Michael Biddle Chief Data Scientist
With 20-plus years of experience under his belt, Cenlar adds veteran to procure and gather data, as well as instituting AI solutions for the company’s newly launched Mortgage Information Factory.
Read More »Title Insurance Industry Generates $21B in Premiums During 2022
ALTA reports that, in 2022, the title insurance industry paid more than $596.1 million in claims, up from $474.4 million reported in 2021.
Read More »Does California’s First-Look Law Apply to Servicers or Investors?
Attorneys T. Robert Finlay and Michelle A. Mierzwa discuss California’s SB 2170, a measure that creates a new “First Look” policy for REO properties.
Read More »Senate Committee Pushes for Renewal of National Flood Insurance Program
A recent Senate Banking Committee hearing featured a number of witnesses testifying on behalf of the reauthorization of the NFIP, which is set to expire September 30, 2023.
Read More »Insurers Post 2022 Losses Due to Inflation and Natural Disasters
Fitch Ratings reports that U.S. homeowners’ insurance is poised to post a statutory underwriting loss for 2022 as insurers continue to deal with above-average catastrophe losses and uncertainty from persistently high inflation and macroeconomic volatility.
Read More »Bankruptcy Court Weighs in on Usury Laws
Attorneys T. Robert Finlay and Jonathan D. Fink explore a recent court ruling where a lender’s settlement agreement with its defaulting borrowers violated California’s usury laws by including a provision for interest at a higher rate than that allowed by state law.
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